Credit Suisse initiates coverage on Nutanix (NASDAQ: NTNX) with a Outperform rating and a price target of $38.00.

Analyst Kulbinder Garcha commented, "We initiate coverage of Nutanix with an Outperform rating and a $38 target price. We believe the company has a unique technological advantage that will disrupt the IT infrastructure market, specifically in the form of hyperconvergence. A sizable TAM, an effective sales motion, and a well-considered business model that relies upon software IP should lead to strong and sustained financial performance."

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